Revisiting Tariffs on Imports from China
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There's an argument to be made that strategic decoupling from China is more important than taming inflation.
But no one has really spelled out a plan for how to do that (including Trump). Sure, Trump put the issue firmly on the agenda - but didn't really have a solve for it.
@xenon said in Revisiting Tariffs on Imports from China:
But no one has really spelled out a plan for how to do that (including Trump). Sure, Trump put the issue firmly on the agenda - but didn't really have a solve for it.
Forget about a “solve,” Trump didn’t even articulate the problem or the strategic intent coherently when he sprung the extra tariffs on imports from China.
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Biden and Trump share a faith in import tariffs, despite inflation risks
[Biden & Trump] say that tariffs on imported Chinese goods are needed to promote domestic manufacturing and to clap back at China’s zero-sum trade practices. While economists say that tariffs result in higher prices, both Biden and Trump insist that consumers will be unscathed.
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Biden’s tariffs on $18 billion in Chinese electric vehicles, batteries and computer chips, announced last month, are likely too small to lift the economy’s overall price level, economists said. But Trump’s plan for 60 percent tariffs on all $427 billion in goods that China ships to the United States each year would almost certainly reshape trade in ways that consumers would notice.
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Dont think we have a "China Tariff Deserves Its Own Thread" so I will post this here.
Walmart puts pressure on suppliers to absorb the cost of US tariffs. Chinese government is mad.
"If Walmart insists" ... "then what awaits Walmart is not just talk," says China governmenthttps://news.cctv.com/2025/03/12/ARTIhEixOXf3hiVR127ojvxh250312.shtml
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Dont think we have a "China Tariff Deserves Its Own Thread" so I will post this here.
Walmart puts pressure on suppliers to absorb the cost of US tariffs. Chinese government is mad.
"If Walmart insists" ... "then what awaits Walmart is not just talk," says China governmenthttps://news.cctv.com/2025/03/12/ARTIhEixOXf3hiVR127ojvxh250312.shtml
Walmart puts pressure on suppliers to absorb the cost of US tariffs.
That is probably what Trumpigula and his minions were hoping US importers would ask (or try to coerce) from their offshore suppliers. I trust it won’t happen; in fact I would anticipate the suppliers’ prices ex factory to increase and leave the importer with the choice of take it or leave it. American consumers must bear the weight of Trump’s folly so long as the tariffs remain in place.
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A major supplier of toys to Walmart (WMT.N), opens new tab and Target (TGT.N), opens new tab is accelerating its shift out of China as it reshapes production amid President Donald Trump's intensifying trade war with the country.
California-based MGA Entertainment, which makes its Bratz and L.O.L. Surprise! dolls and other toys primarily in China, is taking steps to move 40% of its manufacturing to India, Vietnam and Indonesia within six or so months, up from around 10% to 15% currently, CEO Isaac Larian said in an interview.
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It's of reasonable strategic importance for the US to not rely on china for so much of its manufacturing. I like moving it to other low-labor-cost countries. I don't like generalized tariffs that would make it cost effective to manufacture the stuff in the US. Targeted tariffs against countries that we would like to rely on less are ok.
Education is extremely important.
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It's of reasonable strategic importance for the US to not rely on china for so much of its manufacturing. I like moving it to other low-labor-cost countries. I don't like generalized tariffs that would make it cost effective to manufacture the stuff in the US. Targeted tariffs against countries that we would like to rely on less are ok.
@Horace said in Revisiting Tariffs on Imports from China:
It's of reasonable strategic importance for the US to not rely on china for so much of its manufacturing.
Agree.
I think in maybe 50 years or so, Africa will be the low cost world manufacturing "hub"
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It's of reasonable strategic importance for the US to not rely on china for so much of its manufacturing. I like moving it to other low-labor-cost countries. I don't like generalized tariffs that would make it cost effective to manufacture the stuff in the US. Targeted tariffs against countries that we would like to rely on less are ok.
@Horace said in Revisiting Tariffs on Imports from China:
It's of reasonable strategic importance for the US to not rely on china for so much of its manufacturing. I like moving it to other low-labor-cost countries. I don't like generalized tariffs that would make it cost effective to manufacture the stuff in the US. Targeted tariffs against countries that we would like to rely on less are ok.
+1
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@Horace said in Revisiting Tariffs on Imports from China:
It's of reasonable strategic importance for the US to not rely on china for so much of its manufacturing.
Agree.
I think in maybe 50 years or so, Africa will be the low cost world manufacturing "hub"
@taiwan_girl said in Revisiting Tariffs on Imports from China:
@Horace said in Revisiting Tariffs on Imports from China:
It's of reasonable strategic importance for the US to not rely on china for so much of its manufacturing.
Agree.
I think in maybe 50 years or so, Africa will be the low cost world manufacturing "hub"
Ain't happening.
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No one probably predicted 50-75 years ago that Bangledesh would be a "superpower" in making clothes for the world.
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The number of canceled sailings of freight vessels out of China is picking up as ocean carriers attempt to manage a pullback in orders due to the trade war and tariffs.
A steep decline in containers being shipped to the U.S. will have a big impact on the supply chain, from port to trucking, rail and warehouse economics.
"We won't go to zero containers, but we will see a decrease in containers and as a result, in the future we will see a massive raft of blank sailings announced," one freight expert tells CNBC.U.S. importers are being notified of an increase in canceled sailings by freight ships out of China as ocean carriers try to balance the pullback in orders resulting from President Trump's tariffs and the escalation of tensions in the trade war.
A total of 80 blank, or canceled, sailings out of China have been recorded by freight company HLS Group. It wrote in a recent note to clients that with the trade war between China and the U.S. leading to a demand plummet, carriers have started to suspend or adjust transpacific services.
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File this under “Trump as a cultural phenomenon,” I guess. Just some online e-commerce platform researcher’s observations on how China’s e-commerce people view Trump:
https://www.nytimes.com/2025/04/16/opinion/trump-tariffs-china-ecommerce.html
In China, one of many nicknames for President Trump is Chuan Jianguo. It literally translates as “Trump the Nation Builder.” … The joke is that Mr. Trump … is diligently advancing Chinese interests by causing chaos in the United States.
So perhaps it makes sense that so many Shenzhen merchants seem to admire Mr. Trump as a businessman, if not as a leader. Their affection, as I understand it, is complicated, as their admiration is now tempered with upset at his new tariff regime. ... But many share a sense that, however painful they may be in the short term, the tariffs will eventually spur China to assume its rightful place as the world’s leader and the beacon of a new phase of globalization that’s no longer centered on America.
And then there is this:
On Taobao, a Chinese domestic e-commerce platform, you can buy a ceramic statue of Mr. Trump to bring good luck to your business.
Search for “xitian dongfo trump” if you want to find one on Amazon. Though the versions on Amazon would more likely be resin rather than ceramic.
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Maybe Nigeria can export its culture to the rest of the continent. I mean, I don't know anything about Nigerian culture, other than how well its representatives do in the west, but I'm assuming.
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As good a place as any to put this article
https://www.aol.com/finance/huge-decline-la-port-hit-094500870.
On Thursday, the founder of a media firm that tracks shipping trends reported that daily volumes this week are equivalent to Thanksgiving and Christmas Day—the two slowest shipping days of the year. The founder, Craig Fuller, also warned truckers to avoid hauling shipments to Los Angeles since they would likely have to “deadhead” back home—the industry term for driving an empty load
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Nuther thing that is landing is that on Friday, the de minimus (items less than $800) is eliminated which means that a huge amount of trade that was excaping the tariffs will be affected - only about a gazillion pieces per year. It will affect a lot of businesses.
